What are balance transfer checks?

A balance transfer check is a check issued by a credit card company allowing you to transfer a balance from one credit card account to another. The benefits include consolidating bills and lowering...
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Top Q&A For: What are balance transfer checks

When is a 0% balance transfer not a free balance transfer rate?

A 0 percent balance transfer offer from a credit card company is not always free. At the very least, many companies charge fees for the transfer equal to a percentage of the amount transferred. Oft...
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Does my credit card balance increase with a balance transfer?

If the card you are transferring your balances to has a transfer fee, your balance on the new card will be higher than it was on the old card. Transfer fees should be considered alongside any poten...
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What is a balance-transfer APR?

Balance-transfer APR is the annual rate at which interest is charged on a balance that transferred from one credit card to another. Some credit cards offer low or no introductory balance transfer A...
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What is a Balance Transfer?

At the end of 2008, Americans owed a total of $972.73 billion to credit-card companies, according to CreditCards.com. In some cases, consumers attempt to reduce credit-card debt through balance tra...
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